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Top news and commentary for technology's leaders, from all around the web. The trump admin plans to reallocate $2b+ from chips act to fund critical minerals projects, aiming to cut us reliance on china for key resources Government is contemplating a significant shift in funding priorities, potentially redirecting up to $2 billion from the chips and science act—originally earmarked for bolstering domestic semiconductor manufacturing—to support the extraction and processing of critical minerals.

The trump administration is considering reallocating at least us$2 billion from the chips act to fund critical minerals projects, according to two sources familiar with the matter. Sources close to the deal confirmed that the ipo will likely take place in late 2025, pending regulatory approval and favorable market conditions. The trump administration is considering a plan to reallocate at least us$2 billion from the chips act to fund critical minerals projects and boost commerce secretary howard lutnick’s influence over the strategic sector, two sources familiar with the matter told reuters.

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